Rating Retraction/SCAM Warning: iDice | Hacked: Hacking Finance
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Rating Retraction/SCAM Warning: iDice

Introduction

P. H. Madore

P. H. Madore

P. H. Madore lives in Arkansas with his wife and children. He has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and is currently nearing the completion of a cryptocurrency exchange in concert with the firm he primarily works for, Vermont Secure Computing Consultancy.


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Rating Retraction/SCAM Warning: iDice

Posted on .
This article was posted on Monday, 13:53, UTC.

Dear Reader,

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We recently covered iDice, an apparent Ethereum 2.0 gambling platform. This author gave it a rating of 6.0, based on the history of gambling sites following a similar model. However, a reader informed us that there is much more evidence than simply anonymity that makes iDice a scam, and even provided a few pieces of proof.

  1. They formerly had a team page. Their anonymity is actually what red-flagged this author, but apparently there’s more to it than that. There was a discussion regarding this that did not present itself to the author in search results at time of research.
  2. We can verify that they have been paying for marketing via sponsored articles in various cryptocurrency publications. A discussion about that appeared in yet another forum.
  3. The CEO is currently in hiding from LinkedIn.
  4. A fourth point offered, not as valid, is that the technology of iDice is essentially a clone of Etheroll.
  5. The most damning point is that their ICO does not actually end. As you can see, the clock on the ICO just restarts every 30 hours or so. Had it been a legitimate clock, it would be ending right about now, at least by this author’s first introduction to it.

A point in the author’s defense: this was an ICO request. The author noted the anonymity and constantly notes that it is a bad idea to invest in things where there can be more incentive to exit scam than to perform.

This mistake was avoidable. Our rating and review process is still in development — the rise of ICOs in the past months is unprecedented.

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Thank you for understanding.

P. H. Madore

Hacked.com ICO Ratings Desk

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Feedback or Requests?

P. H. Madore

P. H. Madore

http://phm.link

P. H. Madore lives in Arkansas with his wife and children. He has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and is currently nearing the completion of a cryptocurrency exchange in concert with the firm he primarily works for, Vermont Secure Computing Consultancy.

Comments
  • user

    AUTHOR thermits

    Posted on 4:28 pm June 26, 2017.

    Dear Author,

    Thank you for the admission of retraction. However Hacked being a paid subscription/cryptio advisory site, it fair to say that your posts are highly regarded by many both technical personnel (who don’t have time to do due diligence) and non technical.

    Whilst we lost a moderate amount during this well positioned scam, I cannot say so for others who did the same.

    I sincerely request that Hacked increase it’s crypto journalistic prowess and stop entertaining any ICO requests on your platform unless an extensive due diligence is conducted by the Hacked team.

    In hindsight this is what’s going to separate Hacked.com other pump and dump publication sites which are authored by semi non technical personnel.

    BR,
    TH

    • user

      AUTHOR P. H. Madore

      Posted on 4:45 pm June 26, 2017.

      TH,

      I appreciate your input. It should be assumed that we put a certain amount of due dilligence into any request. After all, Ethereum.LINK was a request, and we listed as basically a scam, although an unproven scam at time of writing. iDice got over on me, and I deeply regret it. I assure you as the primary ICO deskman here, I will do everything in my power to ensure that such occurrences are limited.

      It should be noted that at this point, an exchange could still list the iDice tokens, and jilted parties can still get out. But it seems unlikely that this will even be possible. We will have to go deeper whenever there is a red flag, and that’s just that.

      Thank you for your continued patronage.

      P. H. Madore

  • user

    AUTHOR hollyjoykersh

    Posted on 4:07 pm June 27, 2017.

    Thanks for keeping us informed. I invested a bit into this, so am a little embarrassed. Lesson learned!

  • user

    AUTHOR beckyvn

    Posted on 2:46 am July 4, 2017.

    I have an issue with ICE token.
    My ICE token in Myetherwallet is disapeared.

    So sad.

  • View Comments (4) ...
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